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STUDENT FINANCE 2014/15

STUDENT FINANCE 2014/15. Andy Shenton Regional Advisor – South West. APPLYING KEY MESSAGES. New students can apply for student finance from 20 th January 2014. Jan 20. APPLY NOW!. The application deadline for new students is May 30 th 2014. May 30. APPLYING KEY MESSAGES.

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STUDENT FINANCE 2014/15

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  1. STUDENT FINANCE 2014/15 Andy Shenton Regional Advisor – South West

  2. APPLYING KEY MESSAGES New students can apply for student finance from 20th January 2014 Jan 20 APPLY NOW! The application deadline for new students is May 30th 2014 May 30

  3. APPLYING KEY MESSAGES • Apply online at gov.uk/studentfinance as soon as possible to make sure student finance is in place for the start of their course • They do not need a confirmed place at university or college to apply

  4. GOV.UK FOR MORE INFORMATION & TO APPLY www.gov.uk/studentfinance

  5. NEW LOOK ‘MY ACCOUNT’ MAKING IT EASIER TO NAVIGATE & UNDERSTAND

  6. NEW LOOK ‘MY ACCOUNT’ MAKING IT EASIER TO NAVIGATE & UNDERSTAND • Full online demo will be available from launch • See every screen a student and sponsor sees • http://slc-apps.co.uk/appdemo/

  7. THE STUDENT FINANCE PACKAGE SUPPORT AVAILABLE TO STUDENTS INCLUDES: Tuition Fee Loan The Student Finance Package Maintenance (Living Cost) Support Bursaries & Scholarships Additional Support

  8. TUITION FEES & LOANS OVERVIEW • Universities and colleges* can charge new full-time students up to £9,000 per year (£6,750 part-time) for tuition fees • Eligible students won’t have to pay any tuition fees up front • A non-means tested Tuition Fee Loan is available to cover the fee charged by the university or college *Publicly funded institutions with an approved Offa Access Agreement - www.offa.org.uk/access-agreements

  9. MAINTENANCE LOAN 2014/15 MAXIMUM RATES Additional loan is available for each extra week of study for students attending their course beyond 30 weeks

  10. MAINTENANCE LOAN MEANS TESTING *Slightly lower rates of support apply to final year students

  11. MAINTENANCE SUPPORT MAINTENANCE GRANT OVERVIEW • A Maintenance Grant will only be available to some students: • The Maintenance Grant does not have to be repaid • If/how much grant a student can get depends entirely on their household income (100% means tested) Household Income: Up to £25,000 Full Grant of £3,387 Household Income: Up to £42,620 Partial Grant

  12. COMBINED MAINTENANCE SUPPORT LIVING AWAY FROM HOME, OUTSIDE LONDON Students can get a quick estimate of their student finance entitlement using the calculator on gov.uk/studentfinance

  13. BURSARIES & SCHOLARSHIPS BURSARIES & SCHOLARSHIPS OVERVIEW • Bursaries: • Linked to personal circumstances and often household income • Awards can include fee waivers or cash • Scholarships: • Can be linked to academic results or outstanding ability in an area such as sport, music or art • Can be subject specific and are often limited in numbers Students should check university websites early and ask at open days for information on support available and how to apply

  14. ADDITIONAL SUPPORT OVERVIEW • Extra money or support may be available to students if they: • Have children or adults dependent on them • Have a disability, long-term health condition, mental-health condition or specific learning difficulty • Are studying an NHS or Social Work course including: nursing, midwifery, physiotherapy, chiropody, dietetics, radiography, occupational therapy, the later stages of medicine and dentistry For further information and applications students should visit: www.nhsbsa.nhs.uk/students

  15. ADDITIONAL SUPPORT DISABLED STUDENTS’ ALLOWANCE DSA Rates 2014/15: For both full-time and part-time postgraduate students there is a single allowance of up to £10,362 a year

  16. ADDITIONAL SUPPORT STUDENTS WITH DEPENDANTS’ • Childcare Grant: • Based on 85% of actual registered/approved childcare costs up to maximum of: £150.23 per week for one child £257.55 per week for two or more children Dependants grants are income related. Universities may offer extra support to students with childcare/caring responsibilities

  17. ADDITIONAL SUPPORT STUDENTS WITH DEPENDANTS’ • Parents’ Learning Allowance: • Help with course-related costs for students with dependent children. Amount received will be between £50 and £1,523 Dependants grants are income related. Universities may offer extra support to students with childcare/caring responsibilities

  18. ADDITIONAL SUPPORT STUDENTS WITH DEPENDANTS’ Adult Dependants’ Grant: Normally for the student’s partner. Can be for another adult who is financially dependent on the student where the adult’s net income is not more than £3,796 p.a. Maximum grant available: £2,668 Dependants grants are income related. Universities may offer extra support to students with childcare/caring responsibilities

  19. CUSTOMER RESOURCES

  20. SFE FULL & QUICK-START GUIDES STUDENT GUIDES NOW AVAILABLE FOR 2014/15 • Series of informative guides, introducing the main areas of student finance to students and their parents, including: • Financial Support for Students • Disabled Students’ Allowances • How Students are Assessed and Paid • Student Loan Terms and Conditions

  21. STUDENT GUIDES QUICK GUIDE SERIES 2014/15 • Helpful fold-out guides highlighting essential student finance information: • How and When to Apply • Student Loan Repayments • DSA’s and Dependants Grants • Student Finance Explained for Parents • of Students

  22. THE STUDENT ROOM FOR FURTHER INFORMATION & RESOURCES www.thestudentroom.co.uk/studentfinance

  23. MONEY MATTERS eMAG 1st EDITION AVAILABLE NOW • New resource giving students information on student finance - What’s available and how to get it, budgeting, applications and repayment • Content includes interviews with students at different stages of their university and college lives • Links to interactive features, including SFE • ‘A Minute For’ videos

  24. YOU TUBE SFE VIDEO CHANNEL www.youtube.com/SFEFILM

  25. SOCIAL MEDIA FOLLOW SFE FOR THE LATEST NEWS www.facebook.com/SFEngland www.twitter.com/sf_england

  26. PRACTITIONER RESOURCES

  27. www.practitioners.slc.co.uk PRACTITIONER RESOURCES DEDICATED WEBSITE

  28. PRACTITIONER RESOURCES DEDICATED WEBSITE • Access and download our wide range of IAG resources, including: • Suite of Factsheets • Series of Full and Quick Guides • PowerPoint Presentations • Policy Documents

  29. PRACTITIONER RESOURCES FACTSHEETS • Our suite of factsheets provide information on the main aspects of student finance and repayments & specialised subjects including: • Applications, eligibility and evidence • Finance for students at private HEIs • Independent students & care Leavers • Changing circumstances and withdrawals

  30. CONTACT DETAILS EMAIL ADDRESSES & PHONE NUMBERS

  31. ? QUESTIONS & COMMENTS

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